OneVue’s mFund Settlement Service capabilities will be leveraged by a fund services client for the first time.
Existing OneVue outsourced unit registry client Allan Gray is expanding its distribution and making the Allan Gray Australia Equity Fund, and Allan Gray Australia Opportunity Fund available via mFund.
The Australian Securities Exchange (ASX) launched mFund in May to make unlisted managed funds more accessible to direct investors.
Both OneVue and Allan Gray are foundation members of mFund.
OneVue chief operating officer Lisa McCallum said the company will act as Allan Gray’s product issuer settlement participant (PISP) and facilitate connectivity to mFund.
“One of the key benefits is OneVue’s connectivity to the ASX’s Clearing House Electronic Subregister System (CHESS) which has automated integration into our core registry system, Trust Architect.”
McCallum added that OneVue is particularly pleased to grow its relationship with Allan Gray and have the fund manager as the first to utilise its mFund capabilities.
“We’re also in discussions with a number of our other fund manager clients that are looking at this functionality and interest is growing rapidly.”
Allan Gray Australia chief operating officer JD de Lange said: “We see mFund as an opportunity to expand our nation-wide retail distribution capabilities.”
“We’re delighted to have a registry partner like OneVue who can help us provide another convenient channel through which investors can invest into the Allan Gray products.”
For further information, please contact:
OneVue media and communications manager
02 8022 7421
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